"ESG" What is it?

Have you heard this term? Maybe not, if you are not involved with big business. It stands for Environmental/Social Justice/Government, and is a system being implemented in Communist China to assign a compliance score to each Chinese citizen. This score determines where people can live, where their children can go to school, what kind of car they can own, where and by what means of conveyance they can travel, where they can travel, and more. The software for keeping track of this information (i.e., for enabling this immoral, invasive, and disgusting process) was developed by – guess who – Microsoft, Google (Alphabet), and Intuit, among others.

An international labor union called the SEIU also shares member data with organizations using the ESG system. SEIU is a union for service employees, public sector employees, and property services employees, who “believe in . . . a Just Society, where all workers are valued and all people respected–no matter where we come from or what color we are; where all families and communities can thrive; and where we leave a better and more equitable world.” (This wording should raise your antennae.)

“So what of it?” you say. “Doesn’t have anything to do with me.” Surprise, surprise. When these software developers finished the project they built for China, they looked for other ways to make more money from it.

Guess who was ready and waiting. Our very own depraved, deceitful, bought-and-paid-for-by- China, Communist-infested Federal government.

This cabal needed the co-operation of big business to further its takeover of our beloved country. If they could convince these businesses that they could curry government favor (preferential financial treatment) by implementing the program, they could coerce compliance, without show of force.

There are so many thoroughly indoctrinated, greedy, poorly educated (stupid?) people in our country today, many in the business community. They took the bait, hook, line, and sinker. Gobbled it up. If you look at the internet, you will see all sorts of businesses singing the praises of this system.

Corporations are groveling to sign up. Banks, as well. Some banks are already presenting your “ESG” score (to be used in combination with your credit score) to, ostensibly, help you find the “financial vehicle that best serves you, our valued customer.” Sort of like, “Please hold. We value your call and will get back to you in the order your call was received.” Only worse. Much, much worse. How so?

Well, say you want to get a loan to buy a used car? A meeting with a banker might go something like this: “Welcome, valued customer. “
“Hi, I want to buy a used car. I have a 723 credit rating.”
“How much do you want to borrow?”
“$8000.”
“OK. What kind of car would you be looking at?”
“A 2012 or thereabouts, gas-fueled “soccer mom” van or SUV.”
“Let’s see. Those vehicles rate about a “2” (on a scale of 10) for ESG. We can loan you $4000, at 28% interest, for a term of 6 months.”
“But that’s not enough to pay for the car.”
(Smarmy smile.) “Well, if you wanted to buy a 4-passenger, $30,000, 2021 Prius, we could lend you the whole purchase price at 2% interest with a term of 15 years.”
“But I don’t want a Prius. I don’t have $30,000 to spend on a car. And I need a car with eight seats to haul my six kids to school and bring home enough groceries to feed them.”
(Smarmy smile.) “Well, it was nice meeting you and good luck with your car purchase.”

Or maybe you want to buy a home.

“Welcome, valued customer.”
“Hi, I want to buy a house. I have a 723 credit rating.”
“How much do you want to borrow?”
$220,000. I have a $66,000 down payment saved up.”
“Tell me about the house.”
“It’s about 3500 square feet, out on the north side of town.”
“Does it have solar panels?”
“No.”
“Does it have a windmill in the back yard?”
“No.”
“Geothermal?”
“No.”
“How much electricity do you use per month? How much water? What kind of cars do you drive? Oh, never mind, it says here you have 4 cars ranging in age from 8 to 15 years old and they all run on gasoline. Where do you work?”
“I work for the conservative newspaper in town. Says on the application.”
“OK. Let me see. With your 723 credit score and your 128 (out of 800) ESG score, that averages out to 426. The minimum combined score for home mortgage loans is 500. Doesn’t look like you qualify. (Smarmy smile.) Now if you had chosen a 1200 square foot townhome in the downtown area, with solar panels and a windmill, and if you owned 4 Priuses, we could get you a no-down-payment loan at 2% interest for 30 years.”
But I don’t want solar panels and windmills; I think they’re ugly. I like my gas furnace just fine. And my cars run just fine and didn’t cost much. And I have six kids. I don’t like the schools in the city. My family won’t fit in a 1200 square foot house. And I need a bigger vehicle to haul all my kids and their friends around.”
(Smarmy smile.) “Well, it was nice meeting you and good luck with your new home purchase.”

Or do you own a business? Want to get a business expansion loan, or a loan to purchase raw materials?

“Welcome, valued customer.”
“Hi, I need a business loan. My small business is growing so fast, I need money for more equipment and raw materials, and I need a bigger space. I have a personal credit rating 723, and my business Balance Sheets and Income Statements show business volume and profits have both grown solidly over the last 3 years, and projections are good for the next 3 years at least.”
“How much do you want to borrow?”
“$150,000. I have collateral in the form of business assets and personal real estate equity - my home mortgage is paid off and I have 100% equity there.”
“Tell me about your business.”
“We build small arms and accessories, i.e., semi-automatic handguns and hunting rifles.”
“Well it’s been nice talking with you. I know without even running the numbers that even with your 723 credit score and excellent business numbers, that your -243 ESG score would not meet the 800 average score (average of credit rating and ESG score) required for small business loans. Good luck with your business.” (Smarmy smile.)

Well, so your business failed due to lack of available financing. John Kerry told you that if you can’t get a job in small arms manufacturing, you should just go get a job building solar panels, or windmills. You sent out several applications and resumes. On place builds both solar panels and windmills, so you thought maybe your experience in the machine shop would be of interest them. “Welcome. So you are interested in working for Acme Solar and Windmill.”
“Yes, I am looking for a job.”
“Tell me about your experience.”
“I used to own a small arms manufacturing company. I have machine shop experience and management experience, I’m a good worker and get along well with people.”
“Where do you live - do you own your home?”
“Yes. It’s about 3500 square feet.”
“Does it have a solar system?”
“No.”
“Does it have a windmill in the back yard?”
“No.”
“Geothermal?”
“No.”
“How much electricity do you use per month? How much water? What kind of cars do you drive? Oh, never mind, it says here you have 4 cars ranging in age from 8 to 15 years old and they all run on gasoline.”
“Well, your experience looks like a really good match for our needs; I’d rate it at about 799 out of 800. We’d really love to hire you but I know without even running the numbers that even with your excellent experience, and your 723 credit score, that your -146 ESG score would not meet the 600 average score (average of credit rating and ESG score) required for us to be able to hire you. Good luck with your job search.” (Smarmy smile.)

Get it?

Now you know why they are trying to keep this all a big secret. What can you do? Well, right now, for starters, here are some ideas (see note below):

• Get your money out of banks that support this (Wells Fargo, CitiBank, Bank of America Merrill Lynch, JPMorgan Chase & Co., Key Bank, US Bankcorp - examples - not a comprehensive list); go to Credit Unions or local banks - ask them 1st if they participate in ESG ratings.
• Try to find ways to invest that will not divulge your identity - i.e., buy gold, silver (actual metals/coins) with cash if you can.
• Buy consumer items with cash or gold/silver, so there is no record of who you are, where you live, etc.
• When you buy appliances, etc., pay cash and haul them home yourself so the seller does not need your address and phone number.
• Don’t buy things online if you can help it.
• Live off grid if you like the idea and if it is practical for you - companies/banks etc. will think you are “green” but actually you are just being as anonymous as possible. Also utility companies cannot cut your services or throttle them if they don’t like your ideologies and beliefs, if it comes to that.
• Practice preparedness. Talk to local experts for ideas, recommendations.
• Buy cars with cash; buy real estate with cash if you can.
• Buy food with cash and do not use grocery store “loyalty cards” so they do not know who you are when you buy meat if you like meat.
• Keep track of financial predictions and if a crash seems imminent, convert as much of your wealth into real property and precious metals as you can. But don’t wait too long, so that you are not at the mercy of the markets.
• Let your legislators - city, county, state, and federal - know that you want NO PART of this scheme. Talk to folks at your credit union or local bank to see whether they are being pressured into this and, if so, what you can do to help them resist pressure.

PLEASE NOTE: !THESE ARE JUST IDEAS! Techies4Trump IS NOT A FINANCIAL ADVISOR. BEFORE YOU TAKE ANY OF THIS ADVICE, CONSULT A TRUSTED, LICENSED, PROFESSIONAL FINANCIAL EXPERT!